Ooo! Exciting!
Iād expected their approach to trading and promoting cryptocurrencies would be problematic. Remains to be seen I suppose.
Iām looking forward to this for nothing more than gaining FSCS protection for an account I already have anyway.
If they also bring out exciting new products or otherwise manage to compete with other banks as a result of no longer having e-money restrictions, it will be interesting and may be useful, but I donāt even need that to happen to be pleased with the development.
I look forward to seeing if the reports are true!
I think I could stand the loss of my Ā£0.10 balance in the event Revolut collapse tbh 
Surely it would pave the way to continue using revolut as a āburnerā account rather than relying solely on Monzo and Starling, from the tech perspective?
Revolut will probably adopt a similar restriction on re-joining to Monzo and Starling, to avoid overuse of CASS.
I think banks arenāt technically allowed to restrict CASS itself, so limits on returning customers are a way around it that still meet the rules.
Sounds good, more competitors. Iām guessing it will take a while for it to actually roll out to customers?
I rather like the quote from the anonymous senior official at the FCA:
āWe may find itās better to have Revolut pissing into the tent, so we can get a better look at what gets wet, than if itās outside in the dark. After a certain point, it has become so big that we need it in our regulatory orbit.ā
Chaucer - unless my English Lit fails meā¦ā¦
Ah, but they didnāt use the c-word (or q-word in Chaucerās case) 
Is there any bank with a full licence that is offering crypto products direct to consumers?
I pray to the Lord almighty, that not